Audio By Carbonatix
Management Consultant, Charles Mensah is advocating a paradigm shift to monthly remuneration of Directors of Public. While some directors receive monthly allowances, others are paid per diem or per daily meeting.
Some directors are however said to be abusing especially the per diem compensation package. Mr. Mensah is therefore a arguing for the per diem compensation to be scrapped.
“Because they call it sitting allowance, each time they sit, they get paid and this is being abused. All they have to do is to increase the frequency of sitting and therefore if you take some companies profit and loss accounts, you’ll notice that the sitting allowance takes a lot of it”
He further argues the per diem is unduly taking a negative toll on the implementation of policies by management teams.
“They are supposed to give policy direction which is a periodic activity. So sometimes it doesn’t allow the managers to measure the policy direction that they have given them because they have to come back after 3 or so days to report. So the ideal thing to do is to rather reduce the sittings and strengthen the management so that they can report to the board on monthly basis” he noted.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Vice President leads 44th anniversary commemoration of 31st December Revolution
16 seconds -
Valencia coach Fernando Martin dies in Indonesia boat accident
17 minutes -
Nigeria AG’s intervention brings relief to River Park estate investors – JonahCapital
29 minutes -
High number of youth behind bars is a national loss – Ashanti regional prisons commander
46 minutes -
Nhyira Aboodoo shifts to monumental projects, injects GH₵270,000 into Ashanti orphanages
51 minutes -
Police restores calm after swoop operation at Aboso
1 hour -
Through thick and thin in 2025: KGL Group makes national, global impact
1 hour -
Clean Air Fund sets 2026 targets, pushing gov’t toward funding, tougher laws and real health gains on air pollution
2 hours -
New Year begins with 15.92% water and 9.86% electricity tariff hikes
2 hours -
TUC, PURC call for calm amid power tariff concerns, assure public of stakeholder engagement
2 hours -
New VAT is a game changer for Ghana’s revenue collection – GRA Boss
2 hours -
Adom FM’s Strictly Highlife comes off today at Palms Convention Centre
3 hours -
Relive the 90s: Joy FM’s 90’s Jam takes over this Friday
3 hours -
Relieve Ato Forson of Defence role to protect fiscal discipline – Franklin Cudjoe to Mahama
3 hours -
Ghana at a ‘critical crossroads’, must mentor youth in integrity – Duffuor
4 hours
